https://www.taxtmi.com/caselaws?id=115172 For goods manufactured by a job worker, central excise valuation is confined to the cost of raw material, job-work charges, manufacturing expenses and manufacturing profit; the supplier's later sale price or any depot-based downstream price cannot be used as the assessable value. Applying that principle to fabrication of bodies on duty-paid chassis, the valuation could not be based on the chassis supplier's sale price. The demand was therefore unsustainable and the assessee's appeal succeeded. en-us Thu, 13 Jan 2005 00:00:00 +0530 Thu, 24 May 2012 14:29:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115172 For goods manufactured by a job worker, central excise valuation is confined to the cost of raw material, job-work charges, manufacturing expenses and manufacturing profit; the supplier's later sale price or any depot-based downstream price cannot be used as the assessable value. Applying that principle to fabrication of bodies on duty-paid chassis, the valuation could not be based on the chassis supplier's sale price. The demand was therefore unsustainable and the assessee's appeal succeeded. Case-Laws Central Excise Thu, 13 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115172